KYC Automation for Cross-Border Payments

asked by u/dharris · 7d · 2 answers

We've been exploring further automating our KYC process for new clients involved in cross-border payments, particularly those touching emerging markets. The challenge isn't just about initial onboarding, but maintaining a robust, ongoing monitoring system without creating excessive friction. Are others finding particular regions or transaction types that present disproportionately higher AML red flags even with standard checks in place?

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  • u/citra39· 5 pts· 7d

    Ongoing monitoring without excessive friction is the real bottleneck. Are you finding that the 'excessive friction' often comes from fragmented data sources, or is it more about the manual review steps required after initial automation flags something?

  • u/ananya_bose· 3 pts· 7d

    It's always the 'emerging markets' that emerge with the most interesting new challenges, isn't it? Just when you think you've got a handle on things, a new regulation or transaction type pops up to keep life exciting, or at least, well-documented.

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